Powered by MOMENTUM MEDIA
accountants daily logo

Search Form

Here are a few examples of how you can use the search feature:

Entering this and that into the search form will return results containing both "this" and "that".

Entering this not that into the search form will return results containing "this" and not "that".

Entering this or that into the search form will return results containing either "this" or "that".

Search results can also be filtered using a variety of criteria. Select one or more filters below to get started.

Assuming unrealised is required, and capital is required, and gains is required, the following 31 results were found.

  1. Uncertainty around CGT exemptions

    While the small business capital gains tax exemptions are seemingly unaffected by the proposed budget changes, according to Challenger’s Jeremy Cooper, there are some areas of uncertainty. Speaking at event hosted by Spring Financial Group, Mr Cooper,...

    • Type: Article
    • Author: Miranda Brownlee
    • Category: Tax

  2. Labor’s tax policy to spur SMSF structuring rethink

    Accountants servicing SMSF clients may have to rethink their approach to structuring funds if Labor’s plans for the removal of excess dividend imputation credits kick in, a lawyer predicts. Speaking in a seminar, DBA Lawyers senior associate William...

  3. The windfall gains tax – plunder or taxation?

    The WGT does not require any “dutiable transaction” for the liability to arise, and therefore effectively taxes unrealised capital gains. Many landowners are unlikely to be able to pay the WGT when it arises. This is particularly the case where the...

  4. Main residence exemption myths and misconceptions

    The surge in the residential property market continues to attract buyers and sellers, many involving the family home. This article considers the common myths and misconceptions when it comes to being eligible for the main residence exemption. When it...

  5. Super tax increase ‘raises retrospective CGT issues’

    Labor’s move to double tax on balance earnings above $3 million throws up a problem with unrealised capital gains. The government should provide CGT relief for those impacted by the $3 million superannuation threshold to prevent capital gains being...

  6. With $3m super tax ‘the house always wins’

    The proposed method for taxing super balances above $3 million will generate problems because it treats income and unrealised capital gains equally, says IPA general manager, Tony Greco. He said it also failed to apply the CGT discount to unrealised...

  7. Tax on unrealised gains in super ‘a dangerous precedent’

    The concept proposed under Labor’s $3 million threshold has sparked fears the same approach could be adopted for other types of entities. The idea of taxing unrealised gains under an earnings tax calculation is a unique concept for Australia and...

  8. Give $3m-plus super balances free rein to restructure: NTAA

    15 per cent additional tax.” In common with other critics, the NTAA also highlighted that the tax would apply to unrealised capital gains which was: Inconsistent with the existing tax law. A negation of the general CGT discount. Creating a tax liability...

  9. Budget forecast for super tax ‘litmus test’ for unrealised gains

    If the government sticks to its $2 billion revenue projection, then investors will move funds out of super, says SMSF Association. The SMSF sector will be watching the budget closely next week to see if the proposed super tax will produce $2 billion...

  10. Why safety-first budget yields bonanza of questions

    through the design of how the additional tax will apply to defined benefit fund interests. The proposal to tax unrealised capital gains which will form part of “earnings” would set a worrying precedent for our tax system. The Tax Institute’s position is...

  11. $3m super tax will thump thousands of SMSF members with $80k bill

    analytics Professor Ralf Zurbrugg said the liquidity stress in the findings was exacerbated by the inclusion of unrealised capital gains in the measurement of earnings. “Taxing unrealised capital gains is a somewhat radical departure from existing tax...

  12. Farmers, small business ‘to bear brunt of $3m super tax’

    business communities” were most likely to be adversely affected by the proposed legislation thanks to its tax on unrealised capital gains. In its submission on the Division 296 measure, which adds an extra 15 per cent tax on total super balances (TSBs)...

  13. CA ANZ proposes simpler solutions to $3m super tax

    The government should consider simpler and more effective solutions to the current policy proposal for the $3 million super tax, says CA ANZ. CA ANZ has outlined that while it remains opposed to imposing an additional tax on earnings for member...

  14. Why Division 296 sets a stressful precedent

    In imposing a levy on unrealised gains, the $3 million super tax bucks basic principles. We are in the throes of a significant change to the taxation of superannuation as we await the next stage of the policy design. On 28 February, the government...

  15. $3m super tax ‘will be devastating to farmers’

    found the effect of the tax would be as unpredictable as farming itself. “Our own modelling shows that by taxing unrealised capital gains, a member’s tax liability could vary dramatically from one year to the next making liquidity management extremely...

  16. Why 2023 was a year of living taxingly

    In the first of a two-part series, Robyn Jacobson looks at some of the sweeping changes and landmark decisions. The end of another working year provides an opportunity to relax over the festive break, reflect on the events of the year and regroup ahead...

  17. Auditor rallies younger members to fight against $3m super tax

    the proposed changes, which will double the tax rate for earnings on super balances above $3 million and tax unrealised capital gains, highlighting Ms Randeria’s concerns. “These measures will fundamentally change what is one of the best superannuation...

  18. The curious case of Mrs Bowerman

    A recent AAT decision has examined the threshold test in the Myer Principle and how it relates to the acquisition of a private residence acquired for a ‘profit-making purpose’. In a recent decision by the Administrative Appeals Tribunal (the Tribunal),...

  19. IFPA calls for sweeping changes to Division 296 tax

    that Division 296 should not be legislated in its current form. The IFPA has urged the government to remove unrealised capital gains from the calculation of earnings and use actual taxable income and earnings as a measure of earnings. IFPA head of...

  20. $3m super tax to ‘disrupt’ small business and farmers, warns SMSFA

    broader community,” he said. The SMSF Association warned that this problem is only likely to worsen over time, as unrealised capital gains accrue while tax payments from previous years diminish liquidity. “While affected members will have the option of...

Results 1 - 20 of 31
search

OUR PLATFORMS AND BRANDS

EVENTS AND SUMMITS

PODCASTS

LEARNING AND EDUCATION

MOMENTUM MARKETS NETWORK

LINKS

STAY CONNECTED

Get breaking news

OUR PLATFORMS AND BRANDS

EVENTS AND SUMMITS

PODCASTS

LEARNING AND EDUCATION

MOMENTUM MARKETS NETWORK

LINKS

CATEGORIES

STAY CONNECTED

Copyright © 2024 Accountants Daily